Reports of layoffs today at:
* Schwab
* Electrolux
* Uber t.co/MVkVHWij8i— Carl Quintanilla (@carlquintanilla) September 11, 2019
Uber has laid off 435 employees across its product and engineering teams, the company announced today. Combined, the layoffs represent about 8% of the organization, with 170 people leaving the product team and 265 people leaving the engineering team.
The layoffs had no effect on Eats, which is one of Uber’s top-performing products, and Freight, according to a source familiar with the situation.
Meanwhile, the company is lifting the hiring freeze on the product and engineering teams that has been in effect since early August, according to the source.
“Our hope with these changes is to reset and improve how we work day to day — ruthlessly prioritizing, and always holding ourselves accountable to a high bar of performance and agility,” an Uber spokesperson told TechCrunch. “While certainly painful in the moment, especially for those directly affected, we believe that this will result in a much stronger technical organization, which going forward will continue to hire some of the very best talent around the world.”
Of those laid off, more than 85% are based in the U.S.; 10% are in Asia-Pacific and 5% are in Europe, the Middle East and Africa, according to the source.
In July this year, Uber laid off 400 of their 1,200 marketing employees.
Charles Schwab to cut 600 employees
AC